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Business for Sale Summary [Non-Confidential]

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Onondaga County, NY

Business Type: retailing businesses,entertainment,other eating & drinking places,restaurant/ cafes

Recorded Info
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Non-Confidencial Financial Infomation

  • Asking Price

    $980,000.00

  • Gross Revenues

    $1,456,446.00

  • Financing

    $ 490,000.00 Down and Balance held 48 months at 5%

  • Owner's Cash Flow

    $466,070.00

FREE MEMBER REGISTRATION

Business Description

Extremely popular Fine Dining Italian Restaurant in business since 1982. Seven time winner of local culinary award for best restaurant in upstate New York. Full service bar seats 45. Dining area seats 100. Separate banquet facility seats 10-130. Banquet room has separate entrance, separate kitchen and separate bar. Located in the newly created "Little Italy". Beautifully decorated and flawlessly maintained. All mechanicals, kitchens, and walk in cooler/freezer new within three years. Only restaurant in Little Italy with a private parking lot. New owner would be eligible for empire zone and economic development benefits. This business is about to be significantly positively effect by Destiny USA. Destiny USA will cover 13 million square feet, or about 300 acres. Its scope will far exceed that of the average enclosed shopping complex. Destiny would feature the expect retail stores, but also a 100 acre enclosed park, a six story rock and ice climbing wall, theatres to accommodate Broadway and fashion shows, 20,000 hotel rooms, and what is being billed as the "worlds largest marine life experience." To understand the impact, simply look at the impact the Mall of America has had on the business community in Eagan, Minn.

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